DGAP-News: Altira AG / Key word(s): Miscellaneous
Altira Group further expands its Africa Investments business area ++
Mutual fund for African equities added to product range ++ Portfolio
manager Jens Schleuniger joins the Altira Group.
The Altira Group is further expanding its Africa Investments business area.
To this end, the company has hired Jens Schleuniger, formerly responsible
at DWS for managing the EUR 340 million DWS Invest Africa equity fund,
which he launched in 2008. Together with Jens Schleuniger, the Altira Group
will be adding investments in African equity markets to its range of
services and offering the mutual fund VCH Africa.
In 2007, the Altira Group founded the African Development Corporation
(ADC), which specialized in private equity investments in the financial
sector in sub-Saharan Africa. The expansion of its product range to include
African equity funds therefore creates a potential for significant
synergies. The same applies to work done with the Group´s commodity xperts,
who manage more than EUR 110 million in capital in the commodity
and commodity equity sectors, since the resource-rich continent of Africa
is playing an increasingly important role as a field of activity for mining
companies.
The DWS Invest Africa fund that the 30-year old Swiss national Jens
Schleuniger launched and managed, until recently, was one of the first
mutual funds investing exclusively in Africa. He also managed the DWS GO
Frontier Markets fund and was co-manager for DWS Türkei. Before moving to
DWS, Jens Schleuniger was responsible for strategic business development in
Switzerland with JP Morgan Asset Management. Prior to that, Mr. Schleuniger
held various positions with UBS in Switzerland and London. He holds a
diploma in business administration.
Michael Rieder, CEO of Altira Group: ´More and more investors want to
invest in Africa. And there are good reasons for this. According to figures
from the McKinsey consultancy company, the highest yields for foreign
direct investments are to be found in Africa. We want to provide our
clients the greatest possible access to the potential offered by this
dynamic economy - including equity market investments. In acquiring Jens
Schleuniger, we have gained a top-notch expert for developing this business
area. He knows the local markets in detail and is considered the Africa
pioneer of the fund industry.´
++ About Altira Group
The Altira Group is an owner-managed, exchange-listed asset management
company focusing on alternative investment strategies for institutional as
well as private investors. In that area, it concentrates on both
established as well as newly-developing, forward-looking growth markets in
connection with its core areas of focus
__ German ´Mittelstand´ & Restructurings
__ Renewable Energies & Natural Resources
__ Africa.
Contact:
Olaf Meier
Head of Investor Relations
T +49 (0) 69 . 719 12 80 - 123 begin_of_the_skype_highlighting +49 (0) 69 . 719 12 80 - 123 end_of_the_skype_highlighting
investor-relations@altira-group.de
End of Corporate News
Altira Group further expands its Africa Investments business area ++
Mutual fund for African equities added to product range ++ Portfolio
manager Jens Schleuniger joins the Altira Group.
The Altira Group is further expanding its Africa Investments business area.
To this end, the company has hired Jens Schleuniger, formerly responsible
at DWS for managing the EUR 340 million DWS Invest Africa equity fund,
which he launched in 2008. Together with Jens Schleuniger, the Altira Group
will be adding investments in African equity markets to its range of
services and offering the mutual fund VCH Africa.
In 2007, the Altira Group founded the African Development Corporation
(ADC), which specialized in private equity investments in the financial
sector in sub-Saharan Africa. The expansion of its product range to include
African equity funds therefore creates a potential for significant
synergies. The same applies to work done with the Group´s commodity xperts,
who manage more than EUR 110 million in capital in the commodity
and commodity equity sectors, since the resource-rich continent of Africa
is playing an increasingly important role as a field of activity for mining
companies.
The DWS Invest Africa fund that the 30-year old Swiss national Jens
Schleuniger launched and managed, until recently, was one of the first
mutual funds investing exclusively in Africa. He also managed the DWS GO
Frontier Markets fund and was co-manager for DWS Türkei. Before moving to
DWS, Jens Schleuniger was responsible for strategic business development in
Switzerland with JP Morgan Asset Management. Prior to that, Mr. Schleuniger
held various positions with UBS in Switzerland and London. He holds a
diploma in business administration.
Michael Rieder, CEO of Altira Group: ´More and more investors want to
invest in Africa. And there are good reasons for this. According to figures
from the McKinsey consultancy company, the highest yields for foreign
direct investments are to be found in Africa. We want to provide our
clients the greatest possible access to the potential offered by this
dynamic economy - including equity market investments. In acquiring Jens
Schleuniger, we have gained a top-notch expert for developing this business
area. He knows the local markets in detail and is considered the Africa
pioneer of the fund industry.´
++ About Altira Group
The Altira Group is an owner-managed, exchange-listed asset management
company focusing on alternative investment strategies for institutional as
well as private investors. In that area, it concentrates on both
established as well as newly-developing, forward-looking growth markets in
connection with its core areas of focus
__ German ´Mittelstand´ & Restructurings
__ Renewable Energies & Natural Resources
__ Africa.
Contact:
Olaf Meier
Head of Investor Relations
T +49 (0) 69 . 719 12 80 - 123 begin_of_the_skype_highlighting +49 (0) 69 . 719 12 80 - 123 end_of_the_skype_highlighting
investor-relations@altira-group.de
End of Corporate News
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